Cincinnati Hospitals Showing Mixed Financial Performance

Some Cincinnati area hospitals are performing better than others, as Ohio hospitals prepare to start paying a new a franchise fee that will be used to increase Medicaid payments to them, according to a report by the Cincinnati Enquirer.

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Cincinnati Children’s Hospital Medical Center plans to add several hundred jobs in its current fiscal year, after its overall budget grew about $200 million to $1.5 billion during the previous fiscal year.

Mercy Health Partners, which operates five hospitals in the area, is spending $180 million to buy Jewish Hospital and plans to spend more than $200 million on a new replacement hospital in Green Township.

The Christ Hospital will probably not fill open jobs that don’t directly impact patients and will keep salaries level after a 2 percent increase this year and will defer spending on training programs.

Read the Cincinnati Enquirer’s report on Cincinnati hospitals’ finances.

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